4727.19
Continuing education.

(A)
Effective with the two-year period that begins June 30, 2000, and every
two-year period thereafter, each person licensed as a pawnbroker under this
chapter shall complete by the end of the period at least twelve hours of
continuing education instruction offered in a course or program approved by the
superintendent of financial institutions after consultation with an industry
representative selected by the superintendent.

(B)
Any person licensed under this chapter
who has more than three employees shall designate an individual to the
superintendent as a salesperson. Effective with the two-year period that begins
June 30, 2000, and every two-year period thereafter, a salesperson shall
complete by the end of the period at least eight hours of continuing education
instruction offered in a course or program approved by the superintendent in
consultation with a designated industry representative.

(C)
Each location of those persons licensed
under this chapter who have three or more employees shall have at least one
salesperson who meets the continuing education requirements of this section.

(D)
The superintendent, in
accordance with Chapter 119. of the Revised Code, may suspend, revoke, or
refuse to renew the license of any licensee who fails to comply with this
section.

(E)
The superintendent,
in accordance with Chapter 119. of the Revised Code, may adopt rules regarding
continuing education fees, locations, times, frequency, and waivers of
requirements.